The breaking news has been announced. This news is currently making rounds on social media. This news is at the top of the headline on Twitter (X). The Nuvama Wealth Management which was previously known as Edelweiss Securities has finally made its debut in the Indian stock market. This made its debut on 26th September 2023, Tuesday. Since this news was announced people have been talking about this news. This news has been re-shared by many people on Twitter (X). The Nuvama Wealth Management has shared the list at Rs 2,699.00 which is on the BSE and Rs. 2,750 on the National Stock Exchange (NSE). Now read the article till the end to know everything about this topic. And we request you to not skip any line of this article if you do want to miss anything.
The Nuvama Wealth Management has made its official debut in the Indian Stock Market. Nuvama Wealth Management has shared the list of Rupees 2,699 apiece on the BSE and Rupees 2,750 on the National Stock Exchange (NSE). The stock exchange has made its official debut. Nuvama Wealth Management has shared the share price list which is hit at 5% on the lower circuit which is close to Rupees 2,564.10 apiece in the BSE and NSE it is Rupees 2,612. On Tuesday, the company posted a market capitalization of Rupees 9,163 crore at close. Continue reading.
Now Nuvama Wealth Management is on the list of the third listed wealth management company on Dalal Street after Anand Rathi Wealth and also on the 360 One WAM. All the market capitalization 360 One WAM and Anand Rathi Wealth was at around Rs 18,410 crore and Rs 7,117 crore. It has been listed now. After it has been listed Edelweiss Financial is going to continue to hold almost 14% stake in the Nuvama and the shareholders are going to hold 30% of Edelweiss Financial which is of the paid-up share capital. Keep reading to know more details.
Sources say, that the Asian Pacific is going to focus on the investment firm as the GAG holds a 56% stake in the entire company. In 2020, the PAG purchased a stake in the health management business of Edelweiss Financial Services. In February 2023, it was renamed as Nuvama. This group now comprises all the companies of the Edelweiss group. It offers wealth management, capital market services, and asset management, and it also serves a client base that includes high-net-worth individuals, ultra-high-net-worth individuals, family offices, affluent, institutional clients, and corporations.